Best Ship Building Stocks in India
With the ship Building sector experiencing significant transformations and evolving market dynamics, it's an exciting time for investors and industry enthusiasts alike. India's ship manufacturing industry, in particular, is witnessing notable advancements driven by factors such as technological innovations, government initiatives, and global demand.
So let's explore the landscape of India's ship Building sector, delving into a curated list of Best ship Building Stocks in India.
Best Ship Building stocks in 2024
| Company Name | 1 year returns | 5 year returns |
| Mazagon Dock Shipbuilders Ltd Share | 123.01% | 1,113.33% |
| Cochin Shipyard Ltd Share | 75.54% | 203.62% |
| Garden Reach Shipbuilders & Engineers Ltd Share | 66.63% | 727.09% |
| Knowledge Marine & Engineering Works Ltd Share | 66.25% | 3,913.30% |
Mazagon Dock Shipbuilders Ltd
This company is situated in Mumbai and is primarily known for producing Marine warfare and submarines for the Indian Navy. This company has benefited heavily from the shift of the government in placing large Navy tenders to Indian Manufacturer over foreign companies.
Cochin Shipyard Ltd
This company has also benefited tremendously from government contracts. Cochin Shipyard entered into an agreement with the government to build a total of eight ASW vessels in 2019. It is the largest shipbuilding and marine facility in India and is situated in Kerala.
Garden Reach Shipbuilders & Engineers
Garden Reach Shipbuilders & Engineers is one of India’s leading shipyards based in Kolkata. It is primarily engaged in builds and repairs of commercial and naval vessels and also manufacturers export ships.
Knowledge Marine & Engineering Works
Knowledge Marine & Engineering Works Limited is an India-based company engaged in owning, chartering, manning, technical maintenance of marine crafts. It is also engaged in /maintenance of marine crafts and marine infrastructure and allied works in India.
What Is Skyrocketing Their Share Price Returns?
- Recovery from the COVID-19 pandemic has led to a surge in global shipping demands.
- Investments in modern, efficient, and eco-friendly shipbuilding technologies have enhanced global competitiveness.
- Supportive government policies and financial incentives have improved the financial health and investor attractiveness of these companies.
- Increased defense budgets and initiatives like "Make in India" have boosted the demand for domestically manufactured naval vessels.
How do you invest in Ship Building stocks?
Investments can be made directly in stocks of ship Building companies or through mutual funds and ETFs focusing on this sector. Using tools like stock screeners can help identify promising stocks based on various parameters like net income and total debt.
Why are ship Building stocks attractive in 2024?
Ship Building stocks have been heavily favored by investors in 2024 following a government order in September for 8 fleets valued at Rs. 19000 crore.
What sectors fall within ship Building?
The ship Building sector has six segments: tankers, dry bulk, container, passenger, specialized and mega yachts.
Which is the largest ship manufacturer in India?
Cochin Shipyard LTD is the last shipbuilding and maintanence company in India.